Essar, Rosneft deal to close by next week


Essar, Rosneft deal to close by next week

The Ruias of Essar group are racing against time to close the $13-billion sale of its Gujarat-based refinery to Russian oil major, Rosneft by as early as next week. The group has already received $300-million from the Russian company its stake in Essar Oil and expects rest of the proceeds with the deal closure which would help it to retire debt. Read more

Credits: www.business-standard.com

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